Transitioning the Tomi Privacy Layer (TPL) to an I - onchain memo 0x4cfbb827…f347b5

0x594dcfdf…743bsent to0xdeae2abb…14eb2023-07-27·#17,782,683·view on Etherscan

Transitioning the Tomi Privacy Layer (TPL) to an Independent ProjectSummary: This proposal aims to transition the tomi Privacy Layer (TPL) into an independent project. As the development team leader of TPL, I, Moshe Hogeg, propose to make this transformation, ensuring its alignment with the tomi vision and the interests of $TOMI token holders. Objective: The primary objective of this proposal is to address the concerns raised by major exchanges, which have indicated they would not list tomi with TPL. This presented a difficult dilemma: how to resolve this issue without harming tomi. The solution we found is to spin off the TPL product but continue to fund it through the DAO. The profits generated by this independent project will be used to automatically purchase partner tokens ($TOMI tokens) on a daily basis, thereby benefiting the tomi ecosystem and its token holders. Implementation Plan: Project Independence: TPL will become an independent project. It will operate under a different name, and its technology will be further developed and enhanced, in a way that ensures it does not compete with $TOMI. Non-Token Based Product: As part of this transition, I commit to making TPL a non-token based product, ensuring that it will not have a token that would compete with $TOMI. This addresses the concerns raised by exchanges regarding the listing of the $TOMI token and ensures that TPL will not pose a threat to $TOMI's liquidity. Role Transition: I, Moshe Hogeg, will step down from my role as a Leader of tomi and will no longer have operational duties within tomi. However, I will remain an investor and consultant to tomi, aligning my interests with creating value for the project and its token holders. I will continue to invest in tomi and participate in public events and conventions as a highly experienced and renowned crypto expert, further promoting the project. Token Liquidity: To ensure the benefits for $TOMI token holders, we commit to integrating up to 50% of the protocol's profits to automatically purchase partner tokens ($TOMI tokens) on a daily basis, thus enhancing liquidity. Partnership with tomiPAY: We aim to partner with tomiPAY and align our technology with their product, benefiting their users. Budget Request: We kindly request 1.5M $TOMI tokens for operational costs and developing marketing strategies. Advantages of the Proposed Transition: 1. Enables the tomi team to focus resources on the development of core products. 2. Ensures the continued development of TPL, a product with significant potential. 3. Enhances $TOMI token liquidity through automatic daily purchases of partner tokens ($TOMI tokens) using up to 50% of the protocol's profits. 4. No Competition: Mr. Hogeg commits to making TPL a non-token based product, ensuring that it will not compete with $TOMI. 5. Aligns TPL technology with tomiPAY's product, benefiting their users. 6. Addresses the concerns raised by exchanges regarding the listing of the $TOMI token. Conclusion: The proposed transition of TPL into an independent project represents a strategic shift that aligns with the broader objectives of the tomi ecosystem. It addresses the concerns raised by major exchanges and allows the tomi team to focus its resources on core products, thus serving the community better and enhancing the liquidity of the $TOMI token. The continued development of TPL under my leadership ensures that the value of the work done so far is not lost, and the commitment to enhance $TOMI's liquidity through the profits of the independent project further aligns this project with the interests of the tomi community.

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